Tax

Financial-services companies are set to be exempt from a global plan to make multinational firms pay more tax to the countries where they operate, in a win for U.K. Chancellor of the Exchequer Rishi Sunak.

Negotiations among more than 100 countries to overhaul global taxation are facing key questions as rich nations seek to persuade many developing economies to reach a preliminary deal in the week and a half.

A grand jury indicted Allen Weisselberg and the company in an extraordinary challenge to the former president.

National Taxpayer Advocate Erin Collins pointed to continuing backlogs at the Internal Revenue Service and difficulty reaching telephone assistance in a report to Congress Thursday.

Chief Financial Officer Allen Weisselberg is expected to be charged in the first cases to emerge from a multiyear investigation of the former president’s company

The early draft instructions respond to comments the IRS received from last summer's draft instructions.

The administration is aiming at trusts — particularly dynasty trusts, vehicles that wealthy families can use to benefit multiple generations of descendants.

The justices declined to hear a case from a group of Colorado dispensaries challenging the service's ability to investigate them.

The private equity industry is trying defend a cherished tax break that Democrats have targeted for elimination.

A proposed global minimum corporate tax would undermine the incentive for multinationals to set up shop on storm-prone islands.